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Ten US sailors go missing after destroyer collision with oil tanker

Haider Ali 09:57 AM | 21 Aug, 2017
Ten US sailors go missing after destroyer collision with oil tanker
SINGAPORE - Ten American sailors went missing while five were injured after the guided-missile destroyer USS John S McCain rammed into an oil tanker off the coast of Singapore, here on Monday.

A statement issued by US 7th Fleet said USS John S McCain was involved in a collision with the Alnic MC east of Singapore and the Strait of Malacca after which a rescue operation was launched.

The collision with the tanker happened at 5.24am local time as the guided-missile destroyer was heading to Singapore for a routine visit.

Four of the injured were airlifted to a Singapore hospital for non-life threatening injuries. The fifth injured sailor did not require further medical attention.

The ship, which has seen service in the 2003 Iraq war, the Korean peninsula and Japan, is named after the father and grandfather of Arizona senator and former naval pilot John McCain, who were both US Navy admirals. McCain who is undergoing cancer treatment tweeted that he was praying for the crew.

https://twitter.com/SenJohnMcCain/status/899421528852492290?ref_src=twsrc%5Etfw&ref_url=https%3A%2F%2Fwww.theguardian.com%2Fus-news%2F2017%2Faug%2F21%2Fus-destroyer-uss-john-s-mccain-damaged-after-collision-with-oil-tanker

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Malaysia's navy chief Ahmad Kamarulzaman Ahmad Badaruddin tweeted that two ships, as well as aircraft from its navy and air force, had also been deployed to help look for the missing US sailors.

https://twitter.com/mykamarul/status/899464806188503042

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According to the Marine Traffic website, the Liberian-flagged Alnic MC, is a 183-metre long oil tanker with a deadweight of more than 50,000 tonnes.

The vessel was carrying nearly 12,000 tonnes of fuel oil, but there was no oil spill, a crew member said.

'We are carrying 11,987 tonnes of fuel oil. There is no oil spill. We were carrying fuel oil from Taiwan to discharge to Singapore ... We are proceeding to Raffles Reserved Anchorage where the owners will investigate the matter. There was some damage to the valve,' the crew member said on condition of anonymity.

President Donald Trump reacted to the collision by saying: That’s too bad after which he took to Twitter wishing recovery of missing sailors.

https://twitter.com/realDonaldTrump/status/899466340238491648

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Unfortunately, the accident happened just two months after seven US sailors died when a US destroyer collided with a merchant ship off the Japanese coast.

Haider Ali

The writer is a civil servant.

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Rupee gains massive recovery against US dollar after SBP relaxes rules for banks

KARACHI – The Pakistani rupee experienced a significant surge in its value in the open market against the dollar.

This surge came after a recent directive from the State Bank of Pakistan (SBP), allowing banks to purchase dollars at the interbank market rate for international card payments. The objective of this move was to narrow the exchange rate gap between the official and informal markets.

According to the Exchange Companies Association of Pakistan, the currency market witnessed the dollar being traded at Rs298, compared to its previous day’s closing rate of 311.

The SBP’s decision was influenced by the International Monetary Fund’s demand for Pakistan to stabilize its currency market before resuming a $6.5 billion bailout program.

In a circular, the central bank stated, “In response to the feedback received from various stakeholders, Authorized Dealers are now permitted to buy USD from the Interbank market to settle card-based cross border transactions with international payment schemes (IPS).”

Market analysts had predicted a decline in the value of the rupee following the implementation of these new guidelines.

Zafar Paracha, the General Secretary of the ECAP, expressed that the SBP’s decision was timely and appropriate. He anticipated that it would lead to a decrease of 20 to 25 rupees in the open market currency rate. Paracha also noted that aligning the rates in the official and informal markets would bolster remittance inflows.

Pracha further emphasized that significant disparities in rates between the official and informal markets encourage transactions outside of the official banking system.

https://en.dailypakistan.com.pk/01-Jun-2023/today-s-currency-exchange-rates-in-pakistan-dollar-euro-pound-riyal-rates-on-june-1-2023

Today's gold rates in Pakistan – June 1, 2023

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 229,000 on Thursday. The price of 10 grams of 24k gold was recorded at Rs197,620.   

Likewise, 10 grams of 22k gold were being traded for Rs181,150 while a single tola of 22-karat gold was being sold at Rs 211,290.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 229,000 PKR 2125
Karachi PKR 229,000 PKR 2125
Islamabad PKR 229,000 PKR 2125
Peshawar PKR 229,000 PKR 2125
Quetta PKR 229,000 PKR 2125
Sialkot PKR 229,000 PKR 2125
Attock PKR 229,000 PKR 2125
Gujranwala PKR 229,000 PKR 2125
Jehlum PKR 229,000 PKR 2125
Multan PKR 229,000 PKR 2125
Bahawalpur PKR 229,000 PKR 2125
Gujrat PKR 229,000 PKR 2125
Nawabshah PKR 229,000 PKR 2125
Chakwal PKR 229,000 PKR 2125
Hyderabad PKR 229,000 PKR 2125
Nowshehra PKR 229,000 PKR 2125
Sargodha PKR 229,000 PKR 2125
Faisalabad PKR 229,000 PKR 2125
Mirpur PKR 229,000 PKR 2125

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